Robert Bell

DPC temporary permissions regime registration deadline – apply by 15th May From 15th July 2026 Deferred Payment Credit (DPC) will fall under FCA regulation. Lenders currently offering interest-free, short-term installments must apply for FCA authorisation under the Temporary Permissions Regime if they are not already regulated. The FCA has published its ‘Directions’ for firms wishing to enter the TPC. Firms will need to: Ensure they have clear evidence that they undertake DPC activity...

SM&CR Reforms

Despite its confidence that the Consumer Duty means fewer updates to rules, the FCA is looking to make some changes over the next year. While these changes may be aimed at clarifying and simplifying the Duty over the long term, in the short term it means that firms will need to understand and implement those changes. Work planned for 2026 shows that the Regulator will aim to tighten how firms interpret the Duty and put it into practice, with the focus likely to be on how products and services...